1Social Security (Exempt Lump Sum – Youpla Support Program) Determination 2024

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Commonwealth Coat of Arms of Australia

 

Social Security (Exempt Lump Sum – Youpla Support Program) Determination 2024

I, Gillian Beer, delegate of the Secretary of the Department of Social Services, make the following Determination.

Dated 20 June 2024   

 

Gillian Beer

Branch Manager, Payment Structures and Seniors Branch

Delegate of the Secretary of the Department of Social Services

 

 

 

Contents

1  Name

2  Commencement

3  Authority

4  Definitions

5  Exempt Lump Sum ............................................1

 

1  Name

  This instrument is the Social Security (Exempt Lump Sum – Youpla Support Program) Determination 2024.

2  Commencement

  This instrument commences on 1 July 2024.

3  Authority

  This instrument is made under paragraph 8(11)(d) of the Social Security Act 1991.

4  Definitions

  In this instrument:

Act means the Social Security Act 1991.

Youpla Support Program means the program under which payments are made to eligible persons in respect of eligible funeral insurance policies issued by a company in the group of companies known as the Youpla Group, in circumstances where the policy has been affected by the collapse and liquidation of those companies.

5  Exempt Lump Sum

  For the purposes of paragraph 8(11)(d) of the Act, the amount of a payment made under the Youpla Support Program is an exempt lump sum.